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In March 2025, China's imports of antimony ore and concentrate plummeted, a development that CICC analyzed as bolstering the sustained high-level performance of antimony prices. The significant price disparity between domestic and international markets, disruptions in overseas ore import pathways, supply chain disruptions stemming from the earthquake in Myanmar, and challenges faced by domestic mining enterprises, including declining ore grades and increasing costs, have collectively propelled the trend of antimony prices. Despite these multifaceted factors, the rationale behind antimony prices reverting to their intrinsic value remains steadfast, and CICC maintains its optimism regarding the long-term upward trajectory of the central level of antimony prices.
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